GTL Summary:

Cabinet Decision No. 74 of 2023 addresses tax obligations during bankruptcy proceedings. Article 27 designates the appointed trustee as the Person's representative. The trustee must notify the Authority of their appointment within 20 business days. Subsequently, the Authority has 20 business days to notify the trustee of due taxes or intended audits. The trustee is responsible for settling payable taxes in accordance with the Decree-Law.

Document Type: ERS - Executive Regulations
Law: Tax Procedures (FDL No 28 of 2022)
Decision Number: executive-regulations-74-article-27
Year: 2023
Country: 🇦🇪 UAE
Official Name: Article 27 - Payment of Tax and Administrative Penalties in Cases of Bankruptcy
Last updated at: 2026-01-02 15:13:10 UTC

Article 27 - Payment of Tax and Administrative Penalties in Cases of Bankruptcy

  1. Where a Business or part thereof is subject to bankruptcy, and a trustee is appointed, the trustee shall be treated as representing the Person in respect of its Business or part thereof until the expiration date of its appointment.

  2. The appointed bankruptcy trustee shall notify the Authority of his appointment within (20) twenty Business Days from the appointment date in accordance with Article 8 of this Decision.

  3. The Authority shall notify the appointed bankruptcy trustee of the amount of the Due Tax and of its intention to perform a Tax Audit for specific Tax Period(s), within (20) twenty Business Days after being notified of the trustee’s appointment under Clause (2) of this Article.

  4. The appointed bankruptcy trustee shall settle any Payable Tax to the Authority in accordance with the Payable Tax settlement mechanism under the Decree-Law and the Tax Law.

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